Broadband provider Onestream has signed a new £40m strategic agreement with Vodafone, extending its coverage across the UK and enabling it to offer high-speed fibre connections directly to millions of homes and businesses.
The £40m deal will see Onestream offer customers connections through Vodafone’s high-speed SoGEA network, which covers 95% of the UK’s 29million premises, and through the rapidly growing Gigabit FTTP (Fibre to the Premises) network.
The FTTP network, being rolled out across the UK, currently reaches nine million homes and is adding thousands more premises each month.
Onestream will deliver FTTP broadband under the product name True Fibre and aims to add 50,000 new connections over the next two years, doubling its customer base to 100,000.
Aaron Brown, who co-founded Onestream with fellow telecoms entrepreneur Darren Ridge in 2016, said: “Through this partnership with Vodafone, we will reach more customers than any other broadband provider, along with the ability to offer Gigabit speeds to a rapidly growing number of households and business premises.
“Alongside the significant expansion of our sales and customer service teams, this puts us in a prime position to deliver resilient, high-speed, quality broadband to millions across the UK. It represents a huge opportunity for us and for our customers as the power of FTTP connections brings reliable, fast broadband speeds directly into homes across the UK.
“We are excited to be taking this significant step forward in our mission to be at the forefront of the Gigabit revolution and the UK’s broadband provider of choice, with a capability and reach that makes Onestream ‘The One for Everyone’.”
The Vodafone partnership is a key element of Onestream’s growth strategy, which has seen it move to new premises in Whiteley, Hampshire as it seeks to treble the size of its workforce over the next 12 months.
Onestream was founded in 2016 as part of the Onecom Group and now stands independently as one of the UK’s fastest-growing residential internet service providers, with an average of 3,000 customers a month signing up for its totally unlimited services. It is affiliated to comparison sites including MoneySuperMarket, Compare The Market, Go Compare, and USwitch.
Find out more at www.onestream.co.uk